Retirement plan

PEARL CITY ELEVATOR, INC. 401(K) PROFIT SHARING PLAN

Name: PEARL CITY ELEVATOR, INC - PEARL CITY ELEVATOR, INC. 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: PEARL CITY ELEVATOR, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PEARL CITY ELEVATOR, INC. 401(K) PROFIT SHARING PLAN, PEARL CITY ELEVATOR, INC

PEARL CITY ELEVATOR, INCEIN 36-1608730Plan #001PY 2021

119 SOUTH MAIN STREET - PEARL CITY, IL 61062815-443-2512

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$8.4M

+12.1% from 2020

Total participants

171

+27.6% from 2020

Average account balance

$58,295

-15.9% from 2020

Annual return

14.69%

-0.46 pp from 2020

Benchmarks

See 500 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants100-249

Cohort500 peers

Snapshot2021

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$8.19M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$50K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

163

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

85.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$789K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+13.90%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$245

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 1 by compensation

Provider	Service type	Compensation
MIDLAND STATES BANK4 years Service code 21 · EIN 37-0259550	Bank Trustee	$36,681

Plan features & details

Pension benefit codes2E2F2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$39K

$313 / participant

Contract admin$39K100.0%

% of EOY assets

0.463%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$58,295

$65,862-11.5%

$124,693-53.2%

$79,391-26.6%

Participation rate

78.2%

62.2%+16.0pp

74.6%+3.6pp

70.7%+7.5pp

Annual return

14.69%

19.02%-4.3pp

5144.19%-5129.5pp

116.88%-102.2pp

Employer contribution / active EE

$1,454

$1,883-22.8%

$3,324-56.3%

$2,428-40.1%

Participant deferral / active EE

$2,739

$2,772-1.2%

$4,615-40.7%

$4,046-32.3%

Admin fee / account holder

$270

$673-59.9%

$7,494-96.4%

$627-56.9%

Provider

Service type

Compensation

MIDLAND STATES BANK4 years

Service code 21 · EIN 37-0259550

Bank Trustee

$36,681

PEARL CITY ELEVATOR, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PEARL CITY ELEVATOR, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion